Deals

The acquisitions, rounds and contracts that move AI money.

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The acquisitions, rounds and contracts that move AI money. In our daily email, every weekday.

October 31, 2026
Axon's Cherokee County customers vote November 3 on a $37.3 million renewal priced 2.6 times today's bill
Cherokee County votes Nov. 3 on a 10-year, $37.3 million Axon bundle that starts at 2.6 times its current bill, priced from a quote that expired Oct. 25. Axon reports Nov. 5 with consensus revenue up 31%, and the renewal math behind that number is now being decided in public.
October 31, 2026
OpenAI trimmed its round to $20 billion at a $1.25 trillion valuation, with $11 billion committed
The round got smaller, not cheaper: $20 billion sought at the same $1.25 trillion price, and the money OpenAI no longer needs to sell is being raised as debt against chip orders.
October 31, 2026
Vistra closed its $4 billion Cogentrix buy: 5,496 megawatts, and the DOJ required a Maine plant divested
Vistra closed the Cogentrix buy on October 30: ten gas plants, 5,496 megawatts, across the three grids where AI data centers queue. The payoff now runs through a FERC approval, an auction PJM has never run, and a November 6 print that carries the plants for the first time.
October 30, 2026
BofA names China the biggest gate in a Tesla-SpaceX merger, and a $119 billion fab waits behind it
Bank of America says the biggest regulatory risk in an all-stock SpaceX takeover of Tesla is China, which would watch a US defense contractor take ownership of the Shanghai plant that builds half the world's Teslas. The same week, SpaceX closed below its $135 IPO price, and the $119 billion Terafab still has no customer but its owners.
October 30, 2026
Anthropic's IPO lands in Morgan Stanley's AI-fear window; its S-1 shows an $80.7 billion loss, mostly paper
Anthropic's S-1 shows $16.3 billion of first-half revenue, a $974 million quarterly operating profit and an $80.7 billion loss that is mostly paper. The largest IPO ever is set for mid-November, the same weeks the lead bank's own strategist expects AI fears to peak.
October 30, 2026
Arbs earn about 3% a year to wait out Proofpoint's $6.3 billion Varonis buyout
Proofpoint agreed to pay $49.75 a share for Varonis, the stock sits 93 cents under the deal price, plaintiff firms are circling a $63.80 peak, and the private rival in the same category is asking for $20 billion.
October 29, 2026
UK tax authority signed a £2.4 billion, 15-year Salesforce contract that locks in first-party AI agents
A 15-year, £2 billion HMRC contract published October 15 requires the core taxpayer journey to run on Salesforce's own software, and a 31-company tracker prices third-party agent billing at about $1,000 a month per busy agent. The per-action dream is real, but the money still comes from selling the native stack.
October 29, 2026
DoorDash's record quarter funds a $17 billion Instacart buyout at $65 a share, at least 75% in cash
The same 8-K that delivered a record quarter also priced Instacart at $65 a share, at least 75% in cash. DoorDash holders fund the deal; Instacart holders who elect cash get out first.
October 29, 2026
Anthropic could list as soon as November 16, and Robinhood's CFO says it could reprice his AI portfolio
Robinhood CFO Shiv Verma read Anthropic's prospectus on camera and said its reception could reprice every private mark in his fund, Mercor included. Robinhood Ventures Fund I is the only listed way to hold that book, and the debut could come as soon as November 16.
October 29, 2026
One month, three deals, $6.7 billion: onsemi assembles an edge-AI stack
In one month onsemi has agreed a $5.7 billion cash buyout of Synaptics, opened talks near $1 billion for the AI-power startup Ferric and paid $14.5 million for Codasip's RISC-V cores. That is a fifth of its market value committed or under offer, and Monday's earnings land with the two biggest checks still open.
October 28, 2026
Bending Spoons closed its $1.36 billion Miro buyout and got a first BB rating as Fitch sees 6.1x leverage
The Milan consolidator closed the Miro buyout on October 26, got its first BB rating the day after, and is marketing $1.5 billion of double-digit-yield notes to fund more of the same: subscription software bought at a tenth of 2021 prices.
October 28, 2026
Applied Materials takes its Besi stake to 20% at an undisclosed price; Besi bought back at €187.12
Applied Materials is taking another 11% of Besi at an undisclosed price, while Besi's management spent the past year buying its own shares at an average €187.12. The stock trades near €159, and only one of the two votes has a number anyone can check.
October 28, 2026
Synaptics' $5.85 spread to onsemi's $123 cash offer waits on an unscheduled shareholder vote
The FTC has cleared onsemi's $123-a-share cash buyout of Synaptics, the financing is committed, and the stock sits 4.8% under the offer. Between here and a mid-2027 close stand a shareholder vote that has not been scheduled and a rival bidder who moved once already.
October 28, 2026
Murata Manufacturing will pay part of Accenture's AI fee only on results, not hours
The Japanese component maker will pay part of Accenture's fee only when AI performance indicators are met, days after Accenture's own research showed falling token prices will not cut AI bills. Outcome pricing just entered the mainstream of enterprise AI consulting.
October 28, 2026
GE Vernova pays $9 billion for Trench Group hours after beating its own guidance
GE Vernova beat Q3 estimates, raised guidance and then agreed to pay $9 billion for Trench Group, its second grid supply-chain purchase in eight months. The buyers it is arming against, data centers, are also its biggest customers.
October 28, 2026
Fireworks AI wants $40 billion for tokens nobody can publicly count
The open-model inference cloud is in talks to roughly double its valuation three months after a $17.5 billion Series D, on a $1 billion ARR whose claimed token volume dwarfs what public trackers show. The gap has structural explanations, but no public reconciliation, and the late-round buyer carries the risk.
October 28, 2026
AMD buys Fei-Fei Li's World Labs for $8.2 billion, $117 million a head, as rivals give it away
Paying $117 million per head for Fei-Fei Li's startup makes sense only if spatial intelligence reshapes silicon from scratch.
October 28, 2026
SpaceX and Tesla boards weigh a $3.5 trillion merger over xAI's $40 billion GPU lease
SpaceX marked Elon Musk's AI lab at $250 billion, spent $12.7 billion building its compute last year, and just locked $40 billion of GPU leases while burning cash. Two special committees now weigh a roughly $3.5 trillion merger, and the real question is whose shareholders carry the losses.
October 28, 2026
Onsemi chases a $1 billion AI power startup with $3.5 billion of cash and a credit line
Onsemi is said to be near a $1 billion deal for Ferric, an AI power startup raised on roughly $42 million, unconfirmed and possibly padded with earnouts. The talks land a week after the $5.7 billion all-cash Synaptics rewrite and days before Q3 earnings that options say can move the stock 8.4%.
October 28, 2026
Banks plan a $21 billion bond sale of Anthropic chip debt as Fitch sizes Broadcom's $43.5 billion guarantee
Banks plan to sell about $21 billion of high-grade bonds as soon as early 2027 to refinance part of Broadcom's $63 billion Anthropic chip package, a sale that would move the AI lab's lease risk from bank balance sheets to bond investors. The same day, Fitch affirmed Broadcom at A- and put hard numbers on the guarantee behind it.
October 27, 2026
Johnson Controls sells its DSC and Qolsys alarm brands to Truelink Capital at an undisclosed price
The buyer, Truelink Capital, is taking the DSC and Qolsys alarm brands from Johnson Controls for the second carve-out it has bought from the same seller, at an undisclosed price, one day before JCI's record-backlog print sent the stock up 5.10% to lead the S&P 500.
October 27, 2026
Delaware's top court makes Verisk pursue its $2.35 billion AccuLynx buyout
Delaware's Supreme Court has affirmed the order voiding Verisk's exit from the AccuLynx acquisition, and the company says it will comply. Shareholders now carry a court-ordered $2.35 billion commitment unless the company pays to be released.
October 27, 2026
Flex paid $4.4 billion for EPC Power days after the ITC opened Vicor's patent case naming Flex
Flex paid $4.4 billion in cash, a quarter of it on a one-year bridge loan, to own more of the exact power layer Vicor just persuaded the ITC to investigate across nine suppliers.
October 27, 2026
Klaviyo insiders sold $193 million as Jefferies ties Salesforce's $5.66 billion Braze deal to a takeout
Jefferies calls the Braze deal the spark for a Klaviyo takeout, but Braze's 2,770 enterprise accounts and Klaviyo's 205,000 merchants are different assets, and Klaviyo's insiders sold $193 million without buying a dollar.
October 27, 2026
Guidewire borrows $1 billion to buy the AI that prices $75 billion of premiums
Guidewire signs a $1.7 billion cash deal, up to $2.1 billion with the earnout, for the AI pricing engine behind Aviva and Allianz. The 8-K filed the same morning shows the funding: a $1.0 billion term loan running to 2029.
October 27, 2026
Vertiv paid $1.45 billion for UtilityInnovation Group to sell data centers a way around the power queue
Vertiv paid $1.45 billion upfront, with up to $1.15 billion more contingent, to sell data centers a way around the utility interconnection queue. The first print carrying the deal's cash cost lands October 28.
October 27, 2026
DoorDash in advanced talks to buy Instacart for $17 billion as the stock fell 6.1% before November 4
DoorDash is in advanced talks to buy Instacart at about $17 billion, a price half its 2021 peak, on the same day Instacart killed its $350 million smart-cart bet. The deal may sign as soon as Wednesday, two days before DoorDash must explain to shareholders what it is buying.
October 27, 2026
Amazon Lends Anthropic $15 Billion to Buy $110 Billion of AWS Capacity From Amazon
A new Anthropic S-1 line shows Amazon lending the lab up to $15 billion tied to compute-delivery milestones, while nearly half of Anthropic's revenue now books gross through cloud marketplaces Amazon partly owns. Inside Amazon, a July-dated internal forecast shows Alexa+ being routed away from Claude to cut a $1.7 billion cloud bill.
October 27, 2026
Bending Spoons borrows $1.5 billion it will not guarantee, for deals that do not exist yet
Bending Spoons' $1.5 billion of senior secured notes are issued by subsidiaries the Milan parent will not guarantee, to fund acquisitions it has not named. Repayment depends on the cash thrown off by the brands it already owns.
October 27, 2026
Nvidia bought $3 billion of Meta's $25 billion stock sale as Meta expands its Nvidia orders
Nvidia bought $3 billion of Meta's equity overnight while Meta committed to Nvidia's next-generation systems. Meta's capital spending has now passed its operating cash flow, so the equity tap stays open, and part of the money buying AI chips comes from the chip sellers themselves.
October 26, 2026
Broadcom guarantees chip resale value in a $63 billion Anthropic lease from BofA, Citi and Morgan Stanley
Bank of America, Citi and Morgan Stanley will arrange the senior debt of a vehicle that buys Broadcom XPU chips and leases them to Anthropic, with first deliveries in 2027. Broadcom is also promising to cover the chips' resale value up to the senior debt's size, a promise that moves the residual risk onto the chipmaker.
October 26, 2026
Anthropic's S-1 puts an $80.7 billion half-year loss behind a $2 trillion IPO ask
The Claude maker's filing shows $16.3 billion of first-half revenue against an $80.7 billion loss and $265.6 billion of guaranteed compute bills, and pricing for the largest IPO ever lands inside a five-week window.
October 26, 2026
AES sits three cents under the $15 buyout; holding for the dividend pays five times the spread
European, New York and Chilean approvals landed on 15, October 19 and 22, leaving AES three cents under the consortium's $15 cash offer. The October 30 dividend record date and November 3 earnings now sit inside the closing window, and the dividend is worth about five times the remaining spread.
October 26, 2026
Baseten's $13 billion tranche prices a company that cuts its own rates every 15 days
Bloomberg says AI investors now split rounds into tranches so later money prints a higher price; Baseten's second tranche marked it at $13 billion in the same week it cut brand-new token prices by up to 72 percent.
October 26, 2026
Stripe and Advent return for PayPal above $60.50 as AI shopping makes the account base the prize
The Wall Street Journal reports Stripe and Advent are back above the $60.50 a share PayPal's board rejected in August, days before PayPal's first earnings print since the walk-away. The prize is the 430-million-account consumer network that AI shopping is about to make decisive.
October 26, 2026
Heights Capital buys $2 billion of IonQ stock at $40, down from $93 last year; dilution runs past a third
Heights Capital Management has committed at least $7 billion to IonQ in just over a year, but each round prices lower and the dilution now runs through raises, warrants and all-stock acquisitions. Public holders are funding all of it.
October 26, 2026
Nvidia's $3 billion prepayment buys a factory that opens in 2028
Nvidia is prepaying Amkor $3 billion across Arizona and South Korea for packaging capacity that opens in 2028. Lam Research's cleanroom warning explains why the customer pays two years early, and tonight's earnings show whether the shortage has reached Amkor's order book.
October 24, 2026
Anthropic's reported $2 trillion IPO rests on customers like Harvey, whose gross margin fell below minus 50%
Harvey's books show why the two customers carrying a fifth of Anthropic's first-half revenue have an exit: post-train open weights, keep Claude for the hard 20%. The prospectus must price both.
October 24, 2026
Workday nearly doubles its cost of debt and leaves $1.5 billion of the raise unnamed
Workday closed a $2.5 billion four-tranche note sale on October 23 and named a use for $1 billion of it: retiring 3.500% notes from 2022. The swap lifts interest on the affected debt from $35 million to about $152.5 million a year, and more than half the raise sits unallocated on a balance sheet already drained by buybacks.
October 24, 2026
Salesforce buys Braze for $5.66 billion at 6.8 times revenue and Listen Labs at 67 times sales
Listen Labs tore up a signed $125 million Series C at $1.5 billion to sell for about $2 billion, about 67 times revenue. The same week Salesforce paid 6.8 times for Braze against a public market near 3 times, and that spread is the whole read on AI software pricing.
October 24, 2026
Qualcomm gave Amazon warrants worth $4 billion, vesting on up to $60 billion of chip purchases
Bloomberg reported Amazon signed as a customer for Qualcomm's AI chips, and the SEC filings show Amazon also holds warrants over 25 million Qualcomm shares at $161.26, about $4 billion of face value, vesting against up to $60 billion of purchases. With AWS paying $5 billion upfront for Nvidia racks it cannot power up, the deal is either leverage against Nvidia or demand Qualcomm paid for with its own equity, and Amazon's October 29 print will show which.
October 23, 2026
Verisk surrenders its 15-month fight to escape the $2.35 billion AccuLynx deal, leaving the FTC the last gate
The Delaware Supreme Court affirmed the order forcing the insurance-data group to complete the $2.35 billion AccuLynx purchase it terminated in December. Verisk will comply, it said Friday, and the FTC review is the last door.
October 23, 2026
Neuberger's $700 million Crusoe loan is secured by gas turbines, the new collateral of AI
The October 22 facility is secured by the generators themselves, not by data centers or GPUs, and was announced alongside a 106 MW hydro partnership at Itaipú Dam. How many megawatts $700 million buys, neither company will say.
October 23, 2026
Millennium is net short Prologis as the buyer issues shares in a £14 billion takeover of SEGRO
Fresh Rule 8.3 filings in the £14 billion Prologis-SEGRO deal show hedge fund Millennium net short the buyer's stock and Barclays trading heavily around $127.60, while Prologis just cut earnings guidance and its Mexican trust flagged bad-debt reserves.
October 23, 2026
Tempus AI banks $192.5 million from BMS, and $55 million of it goes through a related party
Tempus's new $192.5 million in agreements with Bristol Myers Squibb and Pathos AI confirm what the filing says the business is: per-record data licensing, with $55 million routed through a related party and delivery risk sitting on Tempus.
October 23, 2026
Nielsen's $2.15 billion DoubleVerify deal is 6 cents from done; 14 demand letters, two suits
DoubleVerify trades at $13.54 against a $13.60 all-cash offer from Nielsen's parent, and every foreign antitrust review has cleared. Between holders and cash stand a 14-day Australian window, fourteen demand letters and two lawsuits over the proxy.
October 23, 2026
Tractian's $1.4 billion round prices physical AI at 14 times revenue
Sapphire Ventures' $130 million Series D values Tractian at $1.4 billion, about 14 times the factory-sensor company's roughly $100 million annualized revenue, with Brazilian public money and a Nvidia chip order inside the funding story.
October 23, 2026
Coca-Cola hands Omnicom $800 million of North America media; WPP keeps the $4 billion global account
Coca-Cola split its media: WPP keeps the global account it won in 2020 at a reported $4 billion, Omnicom takes North America after beating Dentsu, effective December 1. On Omnicom's own Q3 call the same day, an analyst asked whether AI agents make holding companies obsolete, and 53% of Omnicom's $6 billion of core revenue sat in the blast radius.
October 23, 2026
Schneider Electric pays 21x for PTC while Autodesk trades at 6.6x sales, its cheapest in 40 quarters
Strategic buyers paid 21 times forward operating profit for PTC while Autodesk, its closest listed peer, trades at 6.6 times sales, its cheapest in 40 quarters. A waitlist-only model that drafts CAD inside Autodesk Fusion is the named reason for the gap.
October 23, 2026
SpaceX is negotiating access to 80,000 US cell sites; Crown Castle rose 9% as AT&T, Verizon and T-Mobile fell
Bloomberg reports SpaceX is negotiating access to at least 80,000 US cell sites, the ground half of a fourth nationwide carrier. The towers close the gap between satellite coverage and urban capacity, and Thursday night's tape named the landlords the winners and the Big Three the targets.
October 22, 2026
Commerce takes equity in Helion at its $15.5 billion Series G value, plus up to $175 million for chip R&D
The Commerce Department will hand Helion up to $175 million and take equity priced at the startup's $15.5 billion Series G, while Commonwealth Fusion Systems gets less than half. The money funds the high-voltage power electronics that fusion generators and AI data centers both need.
October 21, 2026
LS Power's $6 billion fund buys the gas plants Constellation had to sell
LS Power closed Fund VI at about $6 billion, with $1.7 billion of equity earmarked for roughly 5 GW of Constellation gas at $1,142 a kilowatt. Constellation is a forced seller, and the price says what scarce megawatts now cost a levered buyer.
October 21, 2026
Getty Images files Chapter 11; Koch Equity Development takes it private as shareholders get zero
Getty's prepackaged Chapter 11 wipes out public shareholders and hands the company to the Getty family and Koch Equity Development by year-end. Shutterstock reports its first quarter since the merger died on November 5.
October 21, 2026
GTCR and Elliott agreed to take CCC Intelligent Solutions private for $6.1 billion, about five times sales
CCC Intelligent Solutions agreed on October 15 to a $6.1 billion take-private at $7.75 a share, after Elliott built a stake and forced a strategic review. The price private capital set for insurance software now marks every listed name left in the category, and the biggest one reports on October 27.
October 21, 2026
Ambarella's mystery bidder narrows to four names, and the stock hasn't noticed
An alert from Betaville, the takeover-rumour service, says a third bidder bigger than Qualcomm and NXP combined has entered a late-stage auction for Ambarella, the edge-AI chip designer, with a deal expected within weeks. That size claim is checkable arithmetic, it leaves about four possible buyers, and the shares still trade below the company's own historical sales multiple.
October 21, 2026
Olympus banked $341 million at $18. Accelevation now trades 31% lower
Accelevation's Nasdaq debut was mostly a private-equity exit: Olympus affiliates took $341.1 million of the $540 million while the company kept $170.55 million. The stock closed Monday at $12.49, about 31% under its $18 offer, and the underwriters' 30-day option over Olympus shares lapses October 29.
October 20, 2026
ABB values Mitsubishi Electric's breakers at 1.4x sales, four days after Foxconn's 0.37x for its car parts
Inside four days, Mitsubishi Electric agreed to hand half its car-parts unit to Foxconn and control of its low-voltage power distribution business to ABB. Both buyers published the valuation math, both multiples sit on the year ended March 2026, and the seller reports at the end of October.
October 20, 2026
Salesforce buys Braze for $5.66 billion while 5% of its users have upgraded to its AI tiers
Salesforce will pay $47.50 a Braze share in cash, a 58% premium, eight days after its Loops purchase. Braze's four most recent reported quarters sum to less than the $1.5 billion Agentforce already books each year, and the deal changes none of Salesforce's targets.
October 20, 2026
Sea Limited signals a Monee IPO and an AI cloud; founder Forrest Li sold $137 million and bought nothing
Forrest Li's ninth-anniversary email, filed with the SEC today, points the fintech arm Monee toward its own listing and launches Sea Cloud, an AI-first platform for outside customers. Insider filings since June record sales only, led by Li's own $137.3 million block in August.
October 19, 2026
Axon's quote to Santa Clara County: $50.4 million now, $61.7 million if it waits
Santa Clara County's sheriff asks supervisors on Tuesday to fold nearly all of its Axon technology into one $50.4 million, five-year deal signed by Dec. 31. Axon's own quote puts the cost of waiting at $11.3 million, and the package arrives attached to a bid waiver and a privacy review.
October 19, 2026
Tesla's proxy paves a SpaceX merger that pays Musk on deal price alone
Tesla's annual-meeting proxy, published Monday for a December 3 vote, pays Musk on a deal's price alone in a change of control, seats a SpaceX director over both committees that police him, and turns retail voting into a standing instruction for the board. When an exchange ratio arrives, it is Tesla's minority holders whose money moves.
October 19, 2026
Intel and Qualcomm lose their shot at Tenstorrent as it raises $1.5 billion at a $6.2 billion valuation
Tenstorrent chose new money over reported sale talks with Intel and Qualcomm, more than doubling its valuation. The round funds volume manufacturing of Galaxy, its open RISC-V server line for AI workloads.
October 19, 2026
Berkshire put another $330 million into Bending Spoons, which paid $1.8 billion for $17.5 billion Miro
Berkshire Hathaway's $330 million top-up lifted the software roll-up about 41% in a day; by Friday's close it stood at $47.07, down 15.6%. The equity now rides on whether Miro's $600 million of enterprise revenue survives a price-reset playbook that has begun pushing out Airtable's staff.
October 19, 2026
Centrus pays $116 million for Westerman, the supplier that builds its centrifuge casings
The uranium enricher bought the parts maker Westerman Holdings from its employee owners on October 16 for about $116 million, $95 million of it cash on hand. The cash leg landed five weeks after Centrus sold $500 million of stock and warrants to public investors.
October 18, 2026
Eaton exits cars and buys a 106-year-old Italian switchgear maker for €810 million
An October 16 filing recasts the vehicle business Eaton is spinning off; a September 25 deal for Italy's COL Group shows what it buys instead. Both land in Q1 2027, chasing grid and data-center demand that mostly converts from 2028.
October 18, 2026
Perella Weinberg's rainmakers killed its Piper Sandler sale; shares fell 19.1%
Top fee earners refused an all-stock sale to Piper Sandler, and Perella Weinberg's chief executive pulled the firm off the market on October 14, 2026. The listed boutiques keep taking ground, and Evercore is hiring senior bankers into trimmed earnings estimates.
October 18, 2026
Thoma Bravo paid 8.4 times revenue for Varonis; Rubrik holders pay 15 times for slowing growth
Proofpoint's $6.3 billion cash takeover of Varonis set the private clearing price for data security at 8.4 times trailing revenue. Rubrik's public holders pay about 15 times trailing revenue for growth that is already slowing, while insiders sell near the high under pre-arranged plans.
October 18, 2026
Michael Dell's family fund paid an 11.6% premium for SK hynix's parent the day before Barclays cut Dell
A fund managing Michael Dell's family assets agreed on October 13 to buy 1.34% of SK Inc., the holding company above memory maker SK hynix, from chairman Chey Tae-won at an 11.6% premium. A day later Barclays downgraded Dell and the stock fell 11%, the bank calling its revenue memory-cost passthrough; Michael Dell calls the shortage a possible four-year problem.
October 18, 2026
Schneider Electric's record quarter funds its €22 billion PTC bet; PTC holders take the 42% premium
Record revenue and triple-digit data-center orders landed on October 16, eleven days after Schneider signed a €22 billion all-cash deal for PTC. The bet on industrial AI's data layer is right; the structure pays PTC's holders the premium and leaves Schneider's the risk.
October 17, 2026
AT&T's international chief is out as its $2 billion Mexico sale leaves consolidated results on October 21
An October 16 SEC filing eliminates the job that ran AT&T's international business, tying it to the $2 billion Mexico sale and "other reorganizational efforts." The CFO also retires December 31, and the October 21 earnings report arrives with Mexico out of the consolidated results.
October 17, 2026
Lilly lands at 19.9% of TRex Bio, 34,635 shares short of the 20% line
A Schedule 13D filed on October 16 shows Eli Lilly holding 19.9% of TRex Bio a week after the biotech's Nasdaq debut, $12.3 million of it bought inside the IPO itself. The stake stops just under 20%, the mark where US accounting presumes significant influence and the SEC's quiet short form goes away.
October 17, 2026
onsemi fixed $123 a share for Synaptics, then Google's chip widened what that price buys
onsemi locked in $123 a share in cash for Synaptics on October 1, before Google's co-designed edge-AI chip widened the target's roadmap. Whatever the chip adds now lands on top of a fixed price, backed by a $2.45 billion loan that onsemi's shareholders will carry.
October 17, 2026
ServiceNow said no to buying Decagon and got paid 5% for the answer
Decagon hired a bank to sell at a $4.5 billion mark, and the buyer its report named said no on the record. ServiceNow shares jumped 5% on the denial and Salesforce gained 4%: the platforms got paid to promise they will build AI agents rather than buy them.
October 17, 2026
Intel and Qualcomm are reported in talks for Tenstorrent worth up to $10 billion
The performance claims beneath reported Intel and Qualcomm bids for the chipmaker are vendor-published, and any bidder can now test them at token price before signing.
October 16, 2026
Disney's Character.AI bill: $180 million for the people, $20 million for the tech
Chapter 11 filings put the payroll for 66 Character.AI engineers at $180 million over three years, against a $20 million license for the technology. The split is the clearest price yet on where value sits in consumer AI.
October 16, 2026
GE HealthCare pays $945 million for SOFIE Biosciences' 15-plant PET isotope network
GE HealthCare agreed on October 5 to pay $945 million in cash for SOFIE Biosciences, a private network of 15 U.S. plants whose PET doses stay usable for only a few hours after they are made. Ten days later it won European CE-mark clearance for a compact cyclotron that lets hospitals make their own isotopes, putting the $20.6 billion company on both sides of the same supply chain.
October 16, 2026
AT&T sells Mexican wireless to Televisa and Fintech Holdings for $2 billion after a $10 billion decade
Televisa and Fintech Holdings are buying AT&T's Mexican wireless business for $2 billion, a price one bank calls a bargain and another counts as foregone cash. The exit is really a bet on US fiber, the layer AI traffic runs on.
October 16, 2026
Leidos' 41.5% screening stake now sits under $1 billion of Blackstone-led debt
Blackstone Credit & Insurance leads the $1 billion loan behind the Analogic-branded screening venture Leidos closed on October 5, with HPS, Bank of America and Wells Fargo arranging. The borrowed cash bought out Altaris' remaining Analogic stake; Leidos' 41.5% equity sits behind the debt and cannot ask to leave before October 2033.
October 16, 2026
Foxconn files to buy half of Mitsubishi Electric Mobility for up to $729 million; AI chip deal waits
Foxconn filed on October 16 to buy half of Mitsubishi Electric Mobility for up to ¥115 billion, a capped check for the non-AI business. The power-chip merger that would tie Mitsubishi Electric to AI's electricity demand missed its September target and stays unsigned.
October 16, 2026
Modal raised $750 million at a $15.75 billion valuation; its GPU landlord WhiteFiber closed at $13.01
Modal, a serverless AI cloud that owns no data centers, raised $750 million this week at 3.4 times its May valuation. WhiteFiber, the listed landlord that supplies its GPUs, carries about $1.0 billion of contracted work and closed at $13.01.
October 16, 2026
Nidec may sue its own executives as 9% holder Oasis Management pushes a sale before an October 28 filing
Nidec has received the report on whether its own executives are liable for its accounting fraud and says it may sue them for damages. What its AI-cooling franchise is worth has stopped being a technology question: a delisting decision due October 28, and a 9% activist pressing for a sale, will set the price.
October 16, 2026
NextEra's $67 billion Dominion merger is being sold at two prices, and January decides
Chief executive John Ketchum pitched the same Dominion Energy takeover in two capitals on the same day, with two years of bill credits for South Carolina and four for Virginia. Two state commissions, and a sealed Florida memo, now decide the world's largest regulated utility.
October 16, 2026
China's merger list skips Silicon Labs' $231 Texas Instruments buyout, leaving a 4% spread
SAMR cleared eight mergers in its September 21 to October 4 window, a $22 billion US chip deal among them, and published the list on October 15. The file that pays Silicon Labs holders $231 a share stayed off it, and the roughly 4 percent spread is what the wait costs.
October 16, 2026
Anthropic pitches a $2 trillion IPO over the Pentagon's standing removal order
Anthropic's run at public investors now has a paper trail: a Congressional Research Service analysis, published October 15, laying out the ban order, the contractor blacklist, the export controls and the split court rulings since February. The listing is pitched above $2 trillion, and the removal order the appeals court left standing is part of what a buyer holds.
October 15, 2026
Ardian fixed centrotherm's exit at €8.74 a share; the stock still trades at €9.10
A merger-law squeeze-out priced the German chip and solar equipment maker's minorities in May. The order outlook improved after the number was set, and the shares still trade above the cash exit.
October 15, 2026
Thoma Bravo pays $6.3 billion for Varonis at $49.75, just 4.8% over the last close
Proofpoint, owned by Thoma Bravo, agreed on October 15 to buy Varonis for $49.75 a share in cash, about $6.3 billion. The price is 52% above the June 22 pre-leak close but only 4.8% above the last close, and Thoma Bravo is paying 53 times trailing free cash flow.
October 15, 2026
Synaptics' books now rest on a retired accountant brought back to see out the sale
Synaptics' principal accounting officer resigns October 28, the second senior finance departure since August, and no one new is being hired into either role. The edge-AI chipmaker onsemi is buying for $123 a share in cash still has to produce clean, on-time numbers to a mid-2027 close, and a CEO doubling as finance chief plus a rehired retiree now carry that.
October 15, 2026
SpaceX agreed to pay a reported $8 billion for spectrum T-Mobile sold for $2.9 billion in August
SpaceX's 800 MHz buy gave US carriers their worst session in decades. Deutsche Telekom's CEO is now urging rivals not to rent Musk the ground network his satellites still need.
October 15, 2026
The $6 billion bank merger that died because its bankers refused to sign
Perella Weinberg and Piper Sandler abandoned their $6 billion all-stock merger after too many senior Perella bankers refused multi-year lock-ups. The stalled consolidation of independent M&A advisers now gets priced on October 28, when Evercore reports third-quarter results with three banks' target cuts behind it.
October 15, 2026
AMD pays $8.2 billion for Fei-Fei Li's World Labs as robot training data orders jump as much as a hundredfold
Robot makers now order a hundred times the annotated footage they did a year ago, and AMD is paying $8.2 billion to make that dependence disappear. The collection layer is a race to the bottom, so the value sits with whoever removes the data bill.
October 15, 2026
Clay's $7.1 billion valuation is priced on agents its customers cannot run yet
Clay's $115 million September round values the New York go-to-market software company at about 71 times the $100 million of annual recurring revenue TechCrunch reported in February. The follow-through landed at its October 8 conference: a campaign-builder in early access, Workflows in open beta, a voice SDR agent on a waitlist.
October 15, 2026
Anduril's $94.80 employee sale prices it near $90 billion, a mark new money has yet to test
Current and former staff in 16 countries can sell up to $1.3 billion of stock at $94.80 a share through November 9, a price that implies a $90 billion company. Employees supply the shares, unnamed outside buyers supply the cash, and the roughly $100 billion round Anduril discussed in July is still unpriced.
October 14, 2026
Hyundai and Kia bought a stake in VAST Data, the AI storage vendor CoreWeave put $1.17 billion behind
The automakers disclosed the stake on October 13, 2026, joining CoreWeave and DigitalOcean on VAST's AI Operating System. The same day Nvidia open-sourced the GPU orchestration layer above it; with that layer now free, the money is concentrating in the data layer below.
October 14, 2026
Berkshire Hathaway pays $33 a share for $330 million of new Bending Spoons stock; shares jump 41%
Berkshire Hathaway is buying $330 million of newly issued Bending Spoons stock at $33, below every broker target, to fund more acquisitions. The shares jumped 41% on the day; the model's costs still land on the acquired apps' users and the lenders behind its 2031 loans.
October 14, 2026
Flex funded its $4.4 billion EPC Power purchase with loans due October 13, 2027, ahead of the Axiom spin-off
Flex closed its $4.4 billion purchase of power-electronics maker EPC Power on October 14 and funded it with two loans due on October 13, 2027. Whether that debt leaves with the Axiom spin-off now rests on antitrust clearance and a calendar Flex does not fully control.
October 14, 2026
Ex-Groq engineers sue Groq's board over the $20 billion Nvidia deal; Nvidia weighs the same template again
Two former Groq engineers sued the board over the $20 billion license-and-hire deal that moved Groq's technology and its people to Nvidia without a stockholder vote. Nvidia is now weighing the same structure for Reflection AI, with a deal possible within weeks.
October 13, 2026
Cirrus Logic confirms it bid for Synaptics and walked away; onsemi is paying $123 a share in cash
The iPhone audio-chip supplier's 8-K confirms it made the proposals that pushed onsemi from a $7 billion stock deal to $123 a share in cash, and that it has stopped pursuing one. Its last bid on the public record was $102.50.
October 13, 2026
Robinhood's retail fund now holds a stake in a munitions maker fielded in Ukraine
Isengard Industries closed its seed round on October 13, eleven days after a NYSE-listed Robinhood fund named it among 46 Y Combinator startups it backs. Retail shareholders now hold a thin slice of a company that says its weapons are already in use against Russian forces.
October 13, 2026
Omron agreed to pay $675 million for OnLogic, about 25 times adjusted EBITDA, to add factory-floor AI compute
Japan's Omron has agreed to buy OnLogic, a Vermont maker of rugged industrial computers, for $675 million in cash, days after selling its components business. The multiple is the news: it puts a hard price on the compute physical AI runs on.
October 13, 2026
Decagon hires a bank, and the takeout math starts near $13 billion
The AI customer-support agent company marked at $4.5 billion has hired a bank and held early talks with ServiceNow. This year's two comparable AI takeouts cleared at just under three and more than six times the sellers' last marks.
October 13, 2026
The exit drought is Bending Spoons' supply chain
Miro agreed to sell itself to Bending Spoons at a $1.36 billion enterprise value, about a tenth of its 2022 mark, with the close expected this quarter. The shut exit market sets the price; the buyer's shareholders collect the compounding.
October 13, 2026
Bumble sells to Ithaca for $1.3 billion at $6.05 a share, about a tenth of its 2021 listing value
The dating app agreed on Tuesday to a $1.3 billion take-private by two Silicon Valley operators, at roughly double the pre-talks price but a fraction of its 2021 listing value. The buyer is betting private capital can ship the AI product public investors refused to fund.
October 13, 2026
Workday agreed to buy identity startup ConductorOne without naming a price; Sana cost $1.1 billion last year
Workday agreed to buy identity startup ConductorOne, selling as C1.ai, without naming a price, put its Sana agents inside Claude and Copilot, and dated most of its new Autopilot agents for 2027. Shareholders must judge the agent story on a roadmap.
October 13, 2026
IonQ paid $1.8 billion for SkyWater, the foundry that just extended rival D-Wave's chip deal
The 8-K for cybersecurity firm Elisity shows $1.15 billion in shares, a $150 million earnout and a $100 million retention pool behind a $33.07 to $49.61 collar. The same morning, the foundry IonQ bought extended its decade-old manufacturing deal with D-Wave, IonQ's closest listed competitor.
October 13, 2026
Leidos shed its scanners; Blackstone just lent $1 billion against them
Blackstone Credit & Insurance is leading $1 billion of private credit for the security-screening venture Leidos carved out of its $17.2 billion group. Leidos was paid in equity it cannot force anyone to buy before October 2033, and the debt now sits on private lenders' books.
October 11, 2026
Bending Spoons paid $1.28 billion for Airtable at 2.7 times sales; Glide prices the exit at $25 a month
Bending Spoons closed a $1.28B purchase of Airtable at about 2.7 times trailing sales, and its stated playbook is "enhancing monetization" across more than 500,000 organizations. Glide is standing at the exit with a one-prompt port priced at $25 to $125 a month for a whole team, against Airtable's $20 to $45 seats.
October 11, 2026
EMCOR spent $1.6 billion on electricians and issued no press release
The contractor has bought roughly $1.6 billion of electrical capacity since February 2025 without a single acquisition press release, paying about seven times trailing EBITDA for crews its own stock values at twenty-six times earnings. Late October's Q3 report, the first to consolidate all five deals, is the first honest read.
October 11, 2026
nVent closed its $1.75 billion Maverick Power purchase; CEO Beth Wozniak had sold $7.6 million of stock
nVent closed its $1.75 billion Maverick Power purchase with $800 million of 6.15% bonds and a $550 million earn-out that leaves the AI demand risk with the sellers. Its officers sold $23.8 million of stock on the way in, and the sell-side kept saying buy.
October 11, 2026
Nine banks with $20 trillion in assets bought into Rogo, the AI their analysts already pay to use
Five of Rogo's own bank customers put about $30 million into the company in September, on a cap table last priced at $2 billion, roughly 38 times run rate. When the buyer owns the vendor, a renewal decision and a valuation decision are the same conversation.
October 11, 2026
TTM Technologies borrowed $1.6 billion to buy Epiq Solutions in a deal it calls dilutive to 2027 earnings
TTM Technologies closed its $1.1 billion Epiq Solutions purchase on roughly $1.6 billion of new borrowing, and its own guidance calls the deal dilutive to 2027 earnings. Alembic's $236 target and a congressman's Navy-award headlines sit on top of that ledger.
October 10, 2026
Leidos put its $625 million screening business into an Altaris JV it cannot leave on its own before 2033
An October 5 filing puts Leidos at 41.5% of an Altaris-controlled screening joint venture it cannot leave on its own before October 2033; Altaris can pull it into a sale sooner. The same week brought a $672.5 million TSA re-selection and a JPMorgan downgrade to Neutral.
October 10, 2026
SpaceX's reported $8 billion spectrum buy sent tower stocks up on a lease that doesn't exist
SpaceX's reported $8 billion purchase of nationwide 800 MHz spectrum sent tower stocks up and knocked about $45 billion off the big three carriers. The fourth tenant the towers are pricing exists so far only as a purchase agreement, and the last fourth-carrier trade is still being fought in a Houston bankruptcy court.
October 10, 2026
A16z valued TypeSafe's Jev at $7.5 billion; Microsoft matched its $0.042 per million tokens
Andreessen Horowitz led an $870 million round valuing TypeSafe's decision model Jev at $7.5 billion on October 9, 2026. Two days earlier Liquid AI had made a rival free below $10 million of revenue, and the same day Microsoft shipped its own at Jev's exact price, built on Alibaba's open Qwen.
October 10, 2026
Base Electron, run by Applied Digital's CEO, filed for an IPO five days after their power deal
Base Electron, the power developer run by Applied Digital's own chief executive, confidentially filed for a US IPO on October 9, five days after signing a 15-year deal to power Applied Digital's next campus. The developer can cancel the contract if the plant lacks financing by March 31, 2027.
October 10, 2026
Synaptics' Board Ruled a Secret Rival's Bid Superior. onsemi Answered With $123 in Cash
The October 1 filing shows an unnamed "Party A" formally beat onsemi's June stock deal before onsemi bought the merger back, in cash, for $5.7 billion. The proxy that would reveal Party A's price is due by October 11 and has not been filed.
October 10, 2026
Nvidia paid $14.4 billion for Groq's engineers, and engineers who left are suing over the price
Nvidia's 10-K books $14.4 billion of the $16.9 billion Groq license as goodwill for the workforce and its future work. Two former engineers who kept their shares are contesting that price in Delaware, and a Justice Department request for information sits on the deal's structure.
October 9, 2026
Atomic Machines raised $250 million for no-mold micro-machines, six times Atomic Industries' $42 million
Jeff Holden's Atomic Machines left stealth on October 7 with $250 million to build micro-machines straight from code, no tooling required. That is roughly six times what Atomic Industries, the Warren, Michigan molder built on the opposite thesis, has disclosed.
October 9, 2026
Bending Spoons agreed to pay $1.355 billion for Miro; AI agents made 6.3 million unbilled calls in September
Miro's boards took about 6.3 million calls from AI agents in September, traffic that carries no disclosed price. Bending Spoons agreed to pay $1.355 billion, about 2.3 times recurring revenue, for the canvas underneath; the debt funding it comes due in 2031.
October 9, 2026
Anthropic Wants $2 Trillion of Public Money and None of Its Votes
Seven founders who own about 2% of Anthropic each are asking shareholders for 50.1% of the vote, ahead of a listing buyers price at $1.8 trillion to $2 trillion. It is the one leg of the deal neither camp has priced.
October 8, 2026
Exa Sold $247.5 Million in Equity, Then Made 211 Million Records Free
An SEC notice filed September 28 shows $247,488,419 of Exa equity fully sold to 38 unnamed investors, with no valuation disclosed. Eight days later, the newest layer of the company's search index, 211 million place records, went free to every API user.
October 8, 2026
Solidigm picks Goldman and Morgan Stanley, and the $150 billion IPO talk settles at $100 billion
Goldman Sachs and Morgan Stanley will lead Solidigm's US IPO at up to $100 billion, the figure that has moved the parent's stock since late September and well under the $150 billion Reuters' sources floated. The pre-IPO round now being finalized is the first mark anyone actually pays.
October 8, 2026
Broadcom lends Anthropic $42 billion, then raises $50 billion for OpenAI's chips
Days after banks began syndicating the $42 billion tranche that pays for Anthropic's chips, Broadcom is arranging more than $50 billion to build OpenAI's. Oracle and SpaceX are borrowing the same week, and Oracle's filings show why: capex has outrun operating cash for six straight quarters.
October 8, 2026
Circle Pays $400 Million for the Boring Part of Stablecoins
Circle agreed to pay about $400 million in stock for Tazapay's licensed payout rails across more than 100 markets, while renting USDC distribution through Samsung and SAP. Token liquidity is cheap; the way out of crypto is not.
October 8, 2026
Nvidia's $12.9 Billion Hugging Face Deal Is Filed as an 'Other Event', No Contract Attached
The September 3 8-K discloses the price of Nvidia's second-largest acquisition ever but none of its terms: no merger agreement, no break fee, no outside date. Holders and rival chip vendors carry that gap into a regulatory review that runs to 2027.
October 8, 2026
Autodesk adds $6.7 billion with no bid as Schneider Electric pays $22.6 billion for PTC
Schneider Electric's $22.6 billion cash takeover of PTC has lifted Autodesk for six straight sessions, though no bid for Autodesk has been reported. Whether the re-rating sticks turns on the company's own cash forecast and an AI product it has not yet priced.
October 8, 2026
Akamai's $11.6 billion Anthropic deal spends now and pays first in late 2027
Akamai's largest-ever contract loads $1.7 billion of extra capex into 2026, adds nothing to 2026 revenue and pays first in the second half of 2027, while its warrant hands Anthropic up to 5% of the company as it spends. The November 5 earnings call is the first test of who actually pays.
October 8, 2026
Silicon Labs' $9.06 spread to Texas Instruments now hinges on Beijing
Texas Instruments owes $231 a share for Silicon Labs and the tape says $221.94. The US antitrust review expired in May; the open file sits in Beijing, where, as of June 11 per the reporting, the regulator had yet to formally accept the merger filing, and a September 10 report of a phase 2 review remains unconfirmed.
October 8, 2026
Nvidia confirmed up to $2 billion of xAI equity on top of a $17 billion SpaceX stake it already holds
Nvidia confirmed up to $2 billion of equity in xAI's $20 billion round on October 8, on top of a roughly $17 billion SpaceX stake and the Wall Street machinery financing the chip purchases. The collateral underneath is GPUs that lose about 30 percent of their value a year.
October 8, 2026
Salesforce paid $3.6 billion for Fin, and $200 million of its August guidance raise came from acquisitions
Salesforce closed a $3.6 billion purchase of Fin, the Irish agent startup that claims 12,000 paying customers, against $15.2 billion of trailing free cash flow. Two thirds of its August guidance raise came from acquisitions it had not yet closed.
October 7, 2026
Helion's Real Round Is a $500M Series G at $15.5B, Not the $425M the Wires Ran
Aggregators ran a January 2025 round as new money at September's price. The real deal is a $500 million Series G that nearly triples Helion's valuation, for a deadline that now means grid connection, not delivery.
October 7, 2026
Gen Digital bid for GoDaddy: buying 81 million domains in the age of AI agents
The FT reported a preliminary offer; terms are undisclosed and talks are early. The market already priced the fit question: Gen's shares fell more than GoDaddy's rose, and the target's own class action hangs over the customer numbers the deal rests on.
October 7, 2026
Schneider Electric pays $22.6 billion for PTC; Dassault trades at 20x earnings against peers' 38x
Schneider Electric's $22.6 billion PTC takeover gives industrial software its first takeout price. Dassault Systèmes, the last big French independent, trades at 20.24x earnings against a 37.66x peer median, and answers for it on October 28 and November 17.
October 7, 2026
IBM signed a $240 million deal to host Together AI, an $8.3 billion cloud funded by Aramco and Mubadala
Together AI's new enterprise inference cluster on IBM Cloud rests on a $240M multi-year deal IBM announced in August. The tenant's bookings are self-reported and its backers are Aramco Ventures, Mubadala and Nvidia, and that is the book IBM shareholders are being asked to price.
October 7, 2026
SoftBank's $6 Billion 1X Talks Meet a 12-Week Shipping Deadline
Six weeks after the talks were reported, SoftBank has not signed, OpenAI has said it will build its own humanoid, and 1X has about 12 weeks to make good on first shipments of its $20,000 home robot. The $6 billion price now rides on the shipping date.
October 7, 2026
Olympus Partners took $360 million out of Accelevation's IPO, leaving $647.8 million of debt
The AI data center power builder priced below its marketed range and has slid since. Its books show $647.8 million of debt against $68.4 million of half-year adjusted EBITDA, and two of every three offering dollars going to sellers.
October 7, 2026
Musk bound SpaceX to one chip supplier; the bill is $40 billion of debt
A reported Apollo-led raise would put $10 billion of loans and $30 billion of bonds behind a single Nvidia order, at a company that spent $28.5 billion in the first half while generating $3.5 billion of operating cash. Nvidia keeps a buyer that cannot shop elsewhere; SPCX holders take the leverage.
October 7, 2026
A no-name Wyoming fund grabs 3% of Technoprobe off-market at the top of a 204% rally
A Consob filing shows a Wyoming-addressed private fund crossing 3.18% of Technoprobe through off-market blocks worth about €1.3 billion, days after Teradyne's CEO left the board and the same morning JPMorgan set a €45 target.
October 6, 2026
Uber's $2.3 Billion Catering Buy Targets the Orders AI Agents Cannot Re-Shop
Uber paid about 0.9 times trailing gross bookings in cash for ezCater, under a quarter of its trailing free cash flow, while a $14.8 billion Delivery Hero deal and a throttled buyback compete for the same dollars. The bet is on budgeted workplace meals and ad receipts a price-shopping agent cannot arbitrage.
October 6, 2026
Netflix lost the Warner auction but gains a seller: Paramount Skydance carries more than $80 billion of debt
Paramount's takeover of Warner Bros. Discovery closed today, putting HBO, DC and Lord of the Rings on one balance sheet carrying more than $80 billion of debt. The rival Netflix lost to in February is contractually obliged to keep releasing films, and its chief says he will keep licensing to other platforms.
October 6, 2026
Anthropic asks $2 trillion in a filing that warns its own AI may resist shutdown
The draft prospectus behind what could be the largest IPO in history pays the CEO $18 million and books $518 billion of compute commitments against $4.6 billion of 2025 revenue. The Pentagon has already stopped using the product.
October 6, 2026
Seagate reportedly bids billions for TDK's drive-head unit, outbidding Toshiba, which cannot build without it
Seagate has reportedly topped Toshiba's offer for TDK's hard-drive head unit, the only independent maker of a part all three drive producers need. The report landed two trading days after Toshiba's capacity plan knocked a tenth off Seagate, and Toshiba calls it wrong.
October 5, 2026
Schneider Committed a $25 Billion Bridge to Buy PTC. Its Shareholders Pay.
PTC's merger 8-K carries the terms the wire stories skipped: a $25 billion bridge committed by Morgan Stanley and Société Générale, a $700 million break fee, and PTC performance shares paying out at maximum. The permanent funding, €5 to 6 billion of equity plus €16 to 17 billion of debt, lands on shareholders whose stock fell 7 to 9 percent.
October 5, 2026
Groq's left-behind engineers sue to reprice Nvidia's $20 billion deal
Two former Groq engineers told a Delaware court that Nvidia's transaction took the technology and the talent while common holders were cashed out cheap. The licensed silicon is already in full production.
October 3, 2026
SEALSQ Paid $10.79 a Share For Its Sister Company. It Closed Day One at $1.85.
SEALSQ's own 6-K prices the sister listing: $10.0 million at $10.79 a share into a stock that closed day one at $1.85, with make-good protection floored at $5.00 and one chief executive on every side of the trade.
October 3, 2026
Trimble's $500M Credit Line Dies January 29. The Sale Review Has No Date.
Four days after CEO Rob Painter said the Goldman Sachs sale review has no timeline, Trimble signed a $500 million delayed-draw term loan whose undrawn commitments die on January 29. The divestment story everyone filed under "no update" now has a deadline, at least for the money.
October 3, 2026
Anthropic's Buyers Want In Below $2 Trillion, and Amazon's $190 Billion Mark Moves First
Prospective investors are quoting $1.8 trillion to $2 trillion for Anthropic's IPO, the first number below the headline. The clearest listed exposure is Amazon, whose $190.4 billion of Anthropic paper already runs through its earnings.
October 3, 2026
$15 Billion for a Free Tool: OpenEvidence Bets Its Doctors' Reach on Hospitals and Cancer Trials
OpenEvidence confirmed $250 million at a $15 billion valuation, a quarter under the $20 billion it had reportedly shopped, while three health systems switched the free tool on and its first cancer candidate heads into trials before year-end. Doctors still pay nothing; the valuation rests on what their traffic can be sold as.
October 3, 2026
Gentherm took the car-parts business, and the 110-year-old Modine name with it
The Reverse Morris Trust that closed on 1 October sent the Modine brand to Gentherm along with the car-parts business. What stays is a pure-play data-center cooling company, $156 million lighter in debt, licensing its own 1916-era name back on a clock, and still priced at 66.9 times earnings.
October 4, 2026
Jane Street set Etched's $21 billion price and is its only named customer
The quant fund led the August round that doubled the chip startup's mark to $21 billion, weeks after taking delivery of its first rack. Etched counts more than $1 billion of orders, and beyond Jane Street not one buyer is named.
October 5, 2026
Three Optical Startups Now Priced Above Marvell's Entire $3.25 Billion Fabric Purchase
CScale's $145 million stealth exit on 30 September, with NVIDIA and Intel Capital as first strategic investors, is the third optical interconnect round since August to clear the $3.25 billion Marvell paid upfront for Celestial AI. Marvell's earnout, worth up to $2.25 billion more, now runs against rivals with shipping products and a sponsor selling its own switches.
October 2, 2026
Oasis now holds 7.4% of the medical network that reaches 92% of Japan's doctors
Filings show the Hong Kong activist lifted its stake in M3 from 5.03% to 7.4% in five weeks, buying into a "Falling Star" momentum tag while the company retires up to 3% of its shares. Stake and buyback ceiling together claim 10.4% of a ¥1tn medical platform.
October 2, 2026
SKHY is a $26.5 billion ticket to a 40.7% premium on the same chipmaker
The largest ADS offering on record sold 2.5% of SK Hynix into a pool that cannot be refilled, and US buyers now pay 40.7% more than Seoul for identical cash flows, nearly $400 billion of valuation that exists only on Nasdaq.
October 2, 2026
Nidec moves to sell its car and appliance motor units before bidders sell the whole company
Two days into the top job, CEO Michio Kaida is selling the appliance and automotive businesses behind most of a ¥632 billion impairment and betting the rump on AI-era power gear. The Tokyo Stock Exchange wants Nidec's internal-controls report this month, and delisting is on the table.
October 2, 2026
Jefferies saw AI coming for Dassault's customers. Flow just raised $50M at $750M.
Two days after Jefferies priced the cost of defending Dassault Systèmes' customer base, a Sequoia-backed rival raised $50 million at a $750 million valuation with Rivian, Anduril and GM's PPU on its roster. Dassault reports Q3 on 28 October with 3–5% guided growth.
October 2, 2026
AMD Is Buying the AI Lab It Funded in February, and Paying With $8.2 Billion of Its Own Stock
AMD is paying in stock for a lab its own money backed at a $5 billion valuation in February, and the seller's founder has disclosed the buyer's chief executive as an early investor. Behind the paper sits 14 gigawatts of booked demand.
October 2, 2026
Sequoia Marks Kalshi at $40 Billion While Cboe Sells the Same Trade Through the SEC
Kalshi is reportedly near a $1 billion round at a $40 billion valuation, eight times its October 2025 mark and four days after a federal appeals court let two states treat its sports contracts as gambling. The same week, Cboe and Robinhood moved the same trade inside the SEC's perimeter.
October 2, 2026
Broadcom Shops $42 Billion of Anthropic Chip Debt to Wall Street
Syndication letters are going out on a $42 billion senior-secured tranche of a $60 billion package funding Anthropic's chip purchases, with Blackstone holding $9 billion of the junior debt. The notes cannot sell before the IPO, so the price banks set in the coming weeks is the market's first hard read on Anthropic's credit.
October 2, 2026
Akamai Signed an $11.6 Billion Deal With a Customer That Lost $42 Billion Last Year
Akamai will spend $5.5 billion up front on a $11.6 billion, seven-year Anthropic commitment. The counterparty behind that signature lost $42 billion last year and holds $518 billion of promises it plans to fund with a $2 trillion IPO.
October 2, 2026
The newest disclosed buyer of Databricks' $190 billion paper is a Korean VC
SBVA said today it joined the $5 billion round that values Databricks at $190 billion, 27 times its self-reported run-rate. A PitchBook model puts the operating value at $68.7 billion, and the listed comp, MongoDB, quotes at $351.73 with a SELL.
October 2, 2026
Ayar Labs staff sold at over $5 billion; its first employee just raised $88 million to attack the memory wall
Antero Peak led a $225 million secondary that valued Ayar Labs above $5 billion, a third over its March mark and roughly 55 times estimated 2025 sales. Three weeks later, Ayar's first employee surfaced with $88 million for Volantis, a photonic shot at the memory wall next door.
October 2, 2026
Alibaba's HK$80 Billion Share Sale Is the AI Bill Landing on Shareholders
Priced at a 3.6% discount and confirmed complete this week, the first placing since Alibaba's Hong Kong listing sends HK$80 billion into full-stack AI. The June quarter shows why equity was the only lever left: RMB 44.7 billion of cash burned in three months while profit fell 75%.
October 1, 2026
Onsemi pays $123 a share in cash to keep Synaptics away from a nameless rival
An unsolicited bid from an unnamed rival forced onsemi to scrap its all-stock, tax-free takeover of Synaptics for $123 a share in cash, backed by $2.45 billion of secured debt. Synaptics holders get a firm floor and a live auction; onsemi holders get the lien stack and fewer exits.
October 1, 2026
S&P Global bought the code under $37 trillion of on-chain value
S&P Global agreed to buy OpenZeppelin, the security firm whose open-source library sits under most large stablecoins, for a price it will not disclose and calls immaterial: the option to grade on-chain money is inside SPGI at no disclosed cost. The instruments it would grade are already trading, Pendle's fixed-yield USDG market among them.
October 1, 2026
Chime bought its bank for $590 million; Block filed for one and left the price blank
On 8 September, Chime agreed to pay $590 million in cash for Stride Bank, its deposit partner of seven years, while Block filed to charter Builders Bank & Trust for bitcoin and stablecoin custody. Chime published its math, more than $100 million in net synergies; Block's filing sits on its thinnest line, where $1.9 billion of quarterly bitcoin revenue kept only $72 million as gross profit.
October 1, 2026
ElevenLabs' $22B mark prices the agent calls, not the voices
A $300 million employee tender closed on 30 September 2026 at $22 billion, double the February mark, and moved paper between holders rather than paying the company. The same day, a US appeals court affirmed that training on copyrighted work to build a rival is not fair use, and the brief behind that ruling cites ElevenLabs' own Kobalt license as proof such rights carry a price.
October 1, 2026
Maverick's sellers bank $1.75 billion today; nVent's creditors collect 6.15% until 2036
nVent closed its Maverick Power purchase on 1 October funded by $800 million of 6.150% notes due 2036, a $600 million term loan and up to $250 million of revolver draws. The sellers keep up to $550 million more, but only if the data-center boom survives through 2028.
October 1, 2026
Clearances in, leverage gone: Skyworks gives Qorvo's $117 million holdouts until closing day
All regulatory clearances landed on September 30 and the mergers close on or about October 5. The bond swap now runs to closing day itself, and about $117 million of Qorvo paper still has not tendered.
October 1, 2026
CenterPoint sold its Ohio gas utility for $2.62 billion and got an IOU for $1.2 billion of it
The deal closed today with $1.42 billion in cash and a $1.20 billion promissory note from the buyer, at 6.5% and due 30 September 2027. The utility wiring Houston for data-center load is now National Fuel Gas's lender.
October 1, 2026
Ardian set centrotherm's exit at €8.74 a share, then the order forecast nearly tripled
Ardian's AcquiCo vehicle fixed €8.74 a share for centrotherm's minorities in May, and the June AGM approved the squeeze-out. This morning's half-year report argues both sides of that price: EBITDA down two thirds, the order-intake outlook raised to €110–160m from €40–100m.
September 30, 2026
Skyworks Cleared to Close Qorvo on Monday; Apple's iPhone Board Shows What the $22 Billion Buys
Skyworks cleared every regulatory hurdle today and expects to close the Qorvo mergers on 5 October, the Monday after the note exchange expires. The iPhone 18 Pro Max teardown shows what the combined RF company keeps on Apple's flagship: one module slot each beside Broadcom's two.
September 26, 2026
Nscale sold $3.36 billion of its IPO at a reported discount, just not to the public
Third Point, Nvidia and a hedge-fund syndicate lend a loss-making neocloud $3.36 billion one week after its IPO filing, in notes reported to convert at the IPO price minus a double-digit discount that freezes above a $30 billion valuation. The structure, not the size, is the story.
September 26, 2026
Cognition snubbed SpaceX, doubled to a $1 billion run rate, and priced itself at 48x
The Devin maker doubled annualized revenue in four months after refusing a SpaceX approach, and its $2 billion independence round prices it at 48 times revenue. The richest public software name trades at 5.8 times forward sales.
September 26, 2026
SK Hynix paid Intel $8.8 billion for NAND. The IPO talk is $150 billion.
SK Hynix is fielding bank pitches to list Solidigm, the storage unit it built from Intel's $8.8 billion NAND exit, at up to $150 billion. Per the reports the offering covers the NAND and SSD unit only; the HBM business powering the AI boom stays with the Korean parent.
September 26, 2026
Triton shops Trench, the grid maker Siemens sold at the bottom for a fraction of its order book
Two years after Siemens Energy carved out the high-voltage parts maker while absorbing wind-unit losses, Triton has put Trench up for sale or IPO, and AI's power shortage wrote the new price: the order book alone tops €2 billion.
September 26, 2026
Schneider bids €1.2 billion for Shelly a day after unveiling its 3.5 MW AI cooler
The French group will pay €70 a share for the Bulgarian smart-home maker while its Motivair arm ships coolers sized for AI data halls from October. One seller now sits at both ends of a meter Europe is running short on.
September 27, 2026
The Pentagon Called It a Military Company. Wall Street Raised It $6.8 Billion
Goldman Sachs, Morgan Stanley and Citi co-ran Zhongji Innolight's $6.8 billion Hong Kong sale seven weeks after the Pentagon blacklisted the AI transceiver maker, then initiated the stock with Buy, Buy and Overweight calls. If Washington's decoupling push hardens, the bill lands on the stock's new Hong Kong shareholders, not on their banks.
September 30, 2026
The first number behind Instinct's $10 billion mark: half the book is travel
A day after Sequoia, Benchmark and Coatue paid $1 billion at four times last month's price, Instinct founder Noah Shinn disclosed the book behind the mark: approaching $1 billion in annual transactions, more than half of them travel bookings, on a calculation he did not specify. That is gross volume, not revenue.
September 30, 2026
Oura shelves its $2.2B IPO and strands the people it was built to pay
The smart ring maker pulled a listing that was mostly a shareholder exit plus a tax cover for employee grants, on the day a leaked Anthropic prospectus put a $2 trillion AI deal in the queue. The IPO window is open, but only at one end.
September 30, 2026
Autodesk paid $200m for a research seat. AMD's $8.2bn buyout pays it out in stock and keeps the agenda
AMD is buying World Labs for $8.2 billion in stock, taking Fei-Fei Li in-house to shape the workloads its Instinct chips must run. Autodesk's February investment converts to AMD shares, with nothing announced about the advisory role or preferential access the check was meant to buy.
September 30, 2026
Furnished, not filed: Gen Digital raises guidance on LinkedIn to defend a $12 billion GoDaddy bid
Vincent Pilette's raised outlook and five deal tests reached the SEC through a form that carries no Section 18 liability. The currency a reported $12 billion GoDaddy bid would spend closed at $20.85, and insiders have sold it at roughly 100 to 1.
September 30, 2026
Wacker dumps €171m of Siltronic at a discount while AI buyers bet on a wafer shortage
Wacker cleared 2.2 million Siltronic shares at €77.25 on 22 September, 6.7% below the market and 13.5% below its own May price, grossing about €359m in two tranches. The institutions that took the block hold a wafer maker still losing money, and Wacker is free to sell again in late December.
September 30, 2026
AMD signed an $8.2 billion deal and cannot say what it costs in shares
The World Labs merger agreement fixes the price and floats the share count on AMD's own falling stock. The seller list includes Nvidia, AMD itself, and, by Fei-Fei Li's account, AMD's own CEO.
September 30, 2026
The $247.5 million behind Exa's bet that research sells by the run
A Form D filed 28 September shows Exa Labs sold $247,488,419 of equity to 38 unnamed investors with nothing left to sell. The money funds research priced by the run, against frontier labs that bundle it into subscriptions.
September 30, 2026
Junk bond buyers just bankrolled SoftBank's last $10 billion payment to OpenAI
Five tranches of BB+ senior notes, disclosed 24 September with an expected issue date of 29 September, fund the third and final $10 billion installment of SoftBank's $30 billion OpenAI commitment. The coupon is contractual; the equity it buys owes nothing on any schedule.
September 27, 2026
Delta raised $1.5 billion at 0% by selling the upside on its own subsidiary
A Delta shareholder banked US$1.5 billion through zero-coupon exchangeable bonds against the Thai unit's shares, taking cash today while bondholders carry the entire equity risk. Operators in the same build-out are paying 2.875 to 9.25 percent for their money.
September 27, 2026
Fal courts a doubling of its $4.5 billion mark in the week OpenAI halved inference prices
The FLUX host and Fireworks are exploring rounds that would roughly double marks set months ago, on ARR investors price at 17 to 20 times. The same week's price cuts made the unit that ARR is counted in cheaper.
September 27, 2026
May Mobility's $1.4B SPAC prices a 70% margin it has never earned
The robotaxi operator agreed to list at roughly $1.4 billion on $10 million of 2025 revenue and a 27% gross margin. The firmest money in the deal arrives as preferred stock with a 12% coupon, and the trust behind the rest can be pulled at the vote.
September 27, 2026
TTM is paying 6.75% for money it must hand back if its $1.1 billion deal dies
TTM's new $500 million notes fund a $1.10 billion defense-electronics acquisition and promise bondholders 100 cents back if the deal misses 15 November. Equity buyers, Dan Loeb's Third Point reportedly among them, are paying 57 times earnings for the same event.
September 28, 2026
The €3 duty moved China's parcels from the border to the shelf; now DHL is buying the shelf
The EU's flat duty on sub-€150 parcels went live on 1 July, and the cheap-import flow did not stop; it moved inside the bloc. The value now sits in local delivery, and DHL eCommerce is buying that layer while the platforms behind that volume build their own.
September 28, 2026
Solidigm's IPO ceiling fell $50 billion in three days. SK Hynix's new US holders took the hit
Bloomberg's weekend confirmation carried a ceiling of as much as $100 billion, a third below the $150 billion figure Reuters printed on Friday, and SK Hynix had its worst session in two weeks. The listing would run through a US subsidiary that keeps Solidigm a grandchild of the Seoul parent.
September 29, 2026
Corgi's $5 Billion Valuation Rests on Two Unnamed Sources
Forbes reported Corgi at $5 billion on September 26, citing two unnamed people; CB Insights' record still lists a $16.2 million round and the $4 billion mark. Five marks in nine months, and not one record underneath shows a premium, a loss ratio or a profit.
September 29, 2026
Jane Street's $18B Fluidstack bet: the broker books the contracts, the miners carry the debt
Jane Street led a $1.5 billion round valuing Fluidstack at $18 billion, 2.4 times July's mark and 27 times projected 2026 sales. The construction and power risk sits with converted bitcoin miners; the new mark sits with a trading firm that lost $15 billion in July.
September 29, 2026
The founder who called legacy storage unfit for AI just sold to NetApp
NetApp is folding Manchester's PEAK:AIO into ONTAP as its third startup buy in three months, an AI-era architecture bought by the legacy vendor its founder said could not do the job. Shareholders have already paid: the stock closed above the $191 target Morgan Stanley just raised and the $192.50 analyst mean, at 26 times book.
September 29, 2026
Constellation sells 4.4 GW of PJM gas to LS Power for $5 billion, the toll for keeping Calpine
To keep the $26.6 billion Calpine takeover, Constellation is handing LS Power 4.4 gigawatts of the dispatchable gas PJM cannot get built, at about $1.14 million per megawatt. The nuclear fleet it rents to Microsoft and Walmart stays.
September 29, 2026
Astro Digital Hits $587 Million in Imran Khan's SPAC and Skips the Revenue Line
The Denver satellite builder whose platform flew the first NVIDIA H100 into orbit will list through the blank check of Snap's former strategy chief at about $587 million. The deal needs $30 million of cash to close, the sponsor funds half the PIPE itself, and the financials carry the release's own "unaudited and preliminary" label.
September 28, 2026
Semtech sells the heart of its $1.2 billion Sierra Wireless deal for $62 million
Semtech paid about $1.2 billion for Sierra Wireless in January 2023; in August 2026 it sold the cellular module business that anchored the deal to Taiwan's Compal for $62 million. The line earns about a third of the gross margin of everything Semtech kept, and the stock rose on the news.
September 27, 2026
Investors Paid Double SpaceX's Multiple for Blue Origin, Whose Only Pad Has Not Flown Since April
Jeff Bezos's space company raised $10 billion at a $140 billion valuation, about 175 times its 2025 revenue [1][8]. The same week's documents show the customer queue assembling around a launch pad NASA is helping rebuild [5][6].
September 27, 2026
Accel in Talks to Triple Modal to $15 Billion and Mark Up Its Own May Investment
Modal Labs is in talks to raise at roughly $15 billion, four months after a $4.65 billion Series C, with Accel, a May investor, as the reported lead. On the revenue Modal last disclosed, the new mark is about 50 times annualized revenue, up from about 15 times in May.
September 27, 2026
Nvidia paid Poolside $7 billion to not buy it
A $6 billion license and $1 billion of equity keep Poolside independent on paper, hand its backers a payout by 2027, and move 109 engineers to Nvidia. The Justice Department is already testing that structure against the reported $20 billion Groq deal.
September 24, 2026
The cloud landlord now is a tenant: Microsoft has signed for $43.8bn of Nscale capacity
Nscale's S-1 carries agreements worth up to $43.8bn with Microsoft, which spent $145bn on its own data centers last year and still says it is capacity-constrained. The listing's other anchor is Anthropic, chief rival to Microsoft-backed OpenAI.
September 26, 2026
CoreWeave's $9 billion bid already faced its vote. The power sellers won.
A year-old television interview with CoreWeave's CEO is circulating as if the shareholder vote were still ahead. It is not: Core Scientific's owners refused the all-stock offer on 30 October 2025, and the scorecard since then prices contracted power above the neocloud's paper.
September 24, 2026
Palo Alto Networks Paid $500 Million for a Startup Its Own CEO Had Backed
Console had raised $29 million and was last marked at $157 million; sources put the price at $500 million, cash and stock. The buy landed on a 34% growth quarter with a $282 million GAAP loss, and November's Q1 print now decides whether bought agents defend the multiple.
September 24, 2026
DHL rents USPS trucks for $10 billion and skips buying the fleet
An exclusive contract signed 28 May 2026 makes USPS the final mile for every DHL eCommerce domestic parcel, in a deal expected to top $10 billion. The Postal Service gets paid billions by rivals of its own Ground Advantage product, and DHL gets back the American doorstep it surrendered in 2008.
September 23, 2026
Olympus Partners Sells $513 Million of Accelevation's IPO and Keeps 85% of the Votes
The data center supplier's $720 million Nasdaq listing sends at most $207 million gross to the company itself, and that slice goes first to buyout-era debt. Public buyers inherit the growth, 61% revenue concentration in two customers, and about one vote in eight.
September 23, 2026
Vertiv bets up to $2.6 billion that AI's bottleneck is the wire
Vertiv is paying $1.45 billion in cash, plus up to $1.15 billion if UIG hits its EBITDA targets, to move upstream of the electric meter. Two weeks after the deal was signed, Washington and Albany began pushing the cost of AI's grid hunger back onto data centers, which is the demand case for the purchase.
September 22, 2026
Iambic hands its cancer-pill gamble to Nasdaq after $461.8M of private money
The Nvidia-backed AI drug-discovery company filed to list as IAM carrying a $77.3 million annual loss against $9.4 million of partnership revenue. The private holders get their public mark; public buyers fund the trials.
September 22, 2026
Binance bought $100 million of Circle at 5% off
An SEC filing shows Binance became Circle's discounted buyer, paid promoter and voting shareholder in a single signing on 17 September. The $73 billion digital dollar now rents its largest shelf, month by month, from one of its own owners.
September 22, 2026
Nscale's $30 Billion IPO Filing Puts Nvidia on Three Sides of the Deal
Nscale filed to list in New York at about $30 billion, twice its March mark, after losing $1.02 billion in the first half, more than seven times its revenue. The filing puts Nvidia on three sides of the deal: chip supplier, $1 billion pre-IPO lender and equity holder.
September 21, 2026
OpenAI's $1.2 Trillion Round Pays the Vendors First
OpenAI is negotiating a valuation above $1.2 trillion on projections of $278 billion in losses through 2030. The compute vendors and their lenders collect during the burn; whoever wires the new money holds the years before $350 billion of revenue arrives.
September 21, 2026
Coinbase Brings Retail Into IPOs With a Deal That Is 73% Insider Exit
Eligible US customers can now request IPO shares inside the Coinbase app, starting with Oura this week. The first deal through the funnel hands existing holders about $1.61 billion of a $2.2 billion raise, and the retail bids at $40 to $44 are the buy side of that exit.
September 19, 2026
One month old, no product: DeepMind spinout Emulate in talks for $700 million at $3.7 billion
Index and Lightspeed are poised to lead up to $700 million into a company incorporated in August, with no product, no website and no disclosed headcount. The precedent for pricing nothing is Safe Superintelligence: two years, roughly $8 billion raised, a $32 billion valuation, and not one shipped model.
September 21, 2026
Blackstone Cashed Out $1.3 Billion of India's Back-Office Towers
Three weeks after Blackstone sold a quarter of India's largest office REIT for about $1.3 billion, Hyderabad's towers got a televised bull case. The rent roll rides on the offshore IT work that S&P data shows shrinking.
September 18, 2026
ElevenLabs Wants Another $500 Million. A Better Voice Is Only the Beginning.
The next advantage will come from completing customer work and securing usable rights. Both demand more than a convincing voice.
September 18, 2026
SoftBank's $25 Billion Arm Loan Funds AI Bets That Haven't Paid Yet
SoftBank lifted its Arm-backed margin loan to $25 billion (the third upsizing) after lenders bid about $7 billion into a $3–5 billion raise. Son is borrowing against the one AI asset with a public price to fund the bets that haven't paid yet.
September 18, 2026
Amazon Pays Its Suppliers, and Collects in Their Shares
Generac just gave Amazon a warrant on 1.69 million shares that vests as Amazon spends up to $8 billion on backup generators, thirteen days after Qualcomm struck the same structure. The bill lands on suppliers' shareholders.
September 17, 2026
Crusoe’s $3.9 Billion Round Is a Bet on AI’s Unfinished Work
Chase Lochmiller has billions of dollars behind him and gigawatts of construction ahead.
September 11, 2026
Bending Spoons Hunts Fallen Unicorns. Most of Its Growth Is Bought.
Bending Spoons' revenue grew 126% in Q2 2026. Organic growth was 3%. Miro is the next test of that acquisition model.
September 9, 2026
5x in 19 Months: Inside Harvey's $15.5 Billion Legal AI Machine
Harvey raised $550M at a $15.5B valuation, its fifth mark in nineteen months. The adoption is real. The multiple is a belief system.

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Axon's Cherokee County customers vote November 3 on a $37.3 million renewal priced 2.6 times today's bill

OpenAI trimmed its round to $20 billion at a $1.25 trillion valuation, with $11 billion committed

Vistra closed its $4 billion Cogentrix buy: 5,496 megawatts, and the DOJ required a Maine plant divested

BofA names China the biggest gate in a Tesla-SpaceX merger, and a $119 billion fab waits behind it

Anthropic's IPO lands in Morgan Stanley's AI-fear window; its S-1 shows an $80.7 billion loss, mostly paper

Arbs earn about 3% a year to wait out Proofpoint's $6.3 billion Varonis buyout

UK tax authority signed a £2.4 billion, 15-year Salesforce contract that locks in first-party AI agents

DoorDash's record quarter funds a $17 billion Instacart buyout at $65 a share, at least 75% in cash

Anthropic could list as soon as November 16, and Robinhood's CFO says it could reprice his AI portfolio

One month, three deals, $6.7 billion: onsemi assembles an edge-AI stack

Bending Spoons closed its $1.36 billion Miro buyout and got a first BB rating as Fitch sees 6.1x leverage

Applied Materials takes its Besi stake to 20% at an undisclosed price; Besi bought back at €187.12

Synaptics' $5.85 spread to onsemi's $123 cash offer waits on an unscheduled shareholder vote

Murata Manufacturing will pay part of Accenture's AI fee only on results, not hours

GE Vernova pays $9 billion for Trench Group hours after beating its own guidance

Fireworks AI wants $40 billion for tokens nobody can publicly count

AMD buys Fei-Fei Li's World Labs for $8.2 billion, $117 million a head, as rivals give it away

SpaceX and Tesla boards weigh a $3.5 trillion merger over xAI's $40 billion GPU lease

Onsemi chases a $1 billion AI power startup with $3.5 billion of cash and a credit line

Banks plan a $21 billion bond sale of Anthropic chip debt as Fitch sizes Broadcom's $43.5 billion guarantee

Johnson Controls sells its DSC and Qolsys alarm brands to Truelink Capital at an undisclosed price

Delaware's top court makes Verisk pursue its $2.35 billion AccuLynx buyout

Flex paid $4.4 billion for EPC Power days after the ITC opened Vicor's patent case naming Flex

Klaviyo insiders sold $193 million as Jefferies ties Salesforce's $5.66 billion Braze deal to a takeout

Guidewire borrows $1 billion to buy the AI that prices $75 billion of premiums

Vertiv paid $1.45 billion for UtilityInnovation Group to sell data centers a way around the power queue

DoorDash in advanced talks to buy Instacart for $17 billion as the stock fell 6.1% before November 4

Amazon Lends Anthropic $15 Billion to Buy $110 Billion of AWS Capacity From Amazon

Bending Spoons borrows $1.5 billion it will not guarantee, for deals that do not exist yet

Nvidia bought $3 billion of Meta's $25 billion stock sale as Meta expands its Nvidia orders

Broadcom guarantees chip resale value in a $63 billion Anthropic lease from BofA, Citi and Morgan Stanley

Anthropic's S-1 puts an $80.7 billion half-year loss behind a $2 trillion IPO ask

AES sits three cents under the $15 buyout; holding for the dividend pays five times the spread

Baseten's $13 billion tranche prices a company that cuts its own rates every 15 days

Stripe and Advent return for PayPal above $60.50 as AI shopping makes the account base the prize

Heights Capital buys $2 billion of IonQ stock at $40, down from $93 last year; dilution runs past a third

Nvidia's $3 billion prepayment buys a factory that opens in 2028

Anthropic's reported $2 trillion IPO rests on customers like Harvey, whose gross margin fell below minus 50%

Workday nearly doubles its cost of debt and leaves $1.5 billion of the raise unnamed

Salesforce buys Braze for $5.66 billion at 6.8 times revenue and Listen Labs at 67 times sales

Qualcomm gave Amazon warrants worth $4 billion, vesting on up to $60 billion of chip purchases

Verisk surrenders its 15-month fight to escape the $2.35 billion AccuLynx deal, leaving the FTC the last gate

Neuberger's $700 million Crusoe loan is secured by gas turbines, the new collateral of AI

Millennium is net short Prologis as the buyer issues shares in a £14 billion takeover of SEGRO

Tempus AI banks $192.5 million from BMS, and $55 million of it goes through a related party

Nielsen's $2.15 billion DoubleVerify deal is 6 cents from done; 14 demand letters, two suits

Tractian's $1.4 billion round prices physical AI at 14 times revenue

Coca-Cola hands Omnicom $800 million of North America media; WPP keeps the $4 billion global account

Schneider Electric pays 21x for PTC while Autodesk trades at 6.6x sales, its cheapest in 40 quarters

SpaceX is negotiating access to 80,000 US cell sites; Crown Castle rose 9% as AT&T, Verizon and T-Mobile fell

Commerce takes equity in Helion at its $15.5 billion Series G value, plus up to $175 million for chip R&D

LS Power's $6 billion fund buys the gas plants Constellation had to sell

Getty Images files Chapter 11; Koch Equity Development takes it private as shareholders get zero

GTCR and Elliott agreed to take CCC Intelligent Solutions private for $6.1 billion, about five times sales

Ambarella's mystery bidder narrows to four names, and the stock hasn't noticed

Olympus banked $341 million at $18. Accelevation now trades 31% lower

ABB values Mitsubishi Electric's breakers at 1.4x sales, four days after Foxconn's 0.37x for its car parts

Salesforce buys Braze for $5.66 billion while 5% of its users have upgraded to its AI tiers

Sea Limited signals a Monee IPO and an AI cloud; founder Forrest Li sold $137 million and bought nothing

Axon's quote to Santa Clara County: $50.4 million now, $61.7 million if it waits

Tesla's proxy paves a SpaceX merger that pays Musk on deal price alone

Intel and Qualcomm lose their shot at Tenstorrent as it raises $1.5 billion at a $6.2 billion valuation

Berkshire put another $330 million into Bending Spoons, which paid $1.8 billion for $17.5 billion Miro

Centrus pays $116 million for Westerman, the supplier that builds its centrifuge casings

Eaton exits cars and buys a 106-year-old Italian switchgear maker for €810 million

Perella Weinberg's rainmakers killed its Piper Sandler sale; shares fell 19.1%

Thoma Bravo paid 8.4 times revenue for Varonis; Rubrik holders pay 15 times for slowing growth

Michael Dell's family fund paid an 11.6% premium for SK hynix's parent the day before Barclays cut Dell

Schneider Electric's record quarter funds its €22 billion PTC bet; PTC holders take the 42% premium

AT&T's international chief is out as its $2 billion Mexico sale leaves consolidated results on October 21

Lilly lands at 19.9% of TRex Bio, 34,635 shares short of the 20% line

onsemi fixed $123 a share for Synaptics, then Google's chip widened what that price buys

ServiceNow said no to buying Decagon and got paid 5% for the answer

Intel and Qualcomm are reported in talks for Tenstorrent worth up to $10 billion

Disney's Character.AI bill: $180 million for the people, $20 million for the tech

GE HealthCare pays $945 million for SOFIE Biosciences' 15-plant PET isotope network

AT&T sells Mexican wireless to Televisa and Fintech Holdings for $2 billion after a $10 billion decade

Leidos' 41.5% screening stake now sits under $1 billion of Blackstone-led debt